Difference between RCV and ACV policies

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Replacement cost value insurance coverage and actual cash value insurance coverage are two different financial products that are briefly explained in this video.

For more details please consult your insurance professional.

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Good Explanation my guy, Clear and to the point! short and effective!

davidvenegas
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Got check ACV instead RCV. Call insurance n they said I do have RCV policy but when I claim my roof was over 15 years old. That why I got ACV check not RCV. He said if I file a claim before 15 years I would get RCV. Is that true???

kimla